WHAT???? Netflix is now worth more than Disney and Comcast

[Travisma 1,317]

All of Disney, or just the broadcast division?

Either way its an eye-opener

http://money.cnn.com/2018/05/24/investing/netflix-disney-comcast-market-value/index.html

Netflix officially rules the media world.

The streaming company is now worth more than Disney and Comcast.

 

Shares of Netflix (NFLX) were up Thursday even as Disney (DIS), Comcast (CMCSA) and the broader market fell. Netflix's market value is now $151.6 billion. Disney's market cap as of Thursday morning was $151 billion.

Netflix passed Comcast on Wednesday. The cable giant is now valued at about $144 billion.

Netflix has added millions of subscribers around the globe for the past few years. The company's success demonstrates that its bet on original content -- shows like "Stranger Things," "Orange is the New Black, ""The Crown" and "13 Reasons Why" -- has paid off.

Powered by SmartAsset.coNetflix passed Comcast on Wednesday. The cable giant is now valued at about $144 billion.Netflix has added millions of subscribers around the globe for the past few years. The company's success demonstrates that its bet on original content -- shows like "Stranger Things," "Orange is the New Black, ""The Crown" and "13 Reasons Why" -- has paid off.

The company even announced a price hike for subscribers last year, but that hasn't slowed its growth.

Disney plans to launch its own streaming network. But that hasn't hurt Netflix yet, despite the fact that Netflix airs many shows based on Disney-owned Marvel comic book characters.

Competition from Hulu -- the streaming service backed by Disney, Fox and CNN parent company Time Warner -- hasn't really dented Netflix's growth either. Nor has Amazon (AMZN) Prime Video.

In fact, Netflix is now worth more than every traditional media company. It had already passed Time Warner(TWX), Rupert Murdoch's 21st Century Fox (FOXA), CBS(CBS) and Viacom (VIAB).

Next up for Netflix to potentially pass are telecom and media giants AT&T and Verizon. Both companies are worth about $200 billion. The Justice Department has sued to block AT&T (T)from buying Time Warner. A federal judge is expected to rule on the case by June 12. Verizon(VZ) owns AOL and Yahoo.